NASDAQ Stocks - Apple Inc in MARKETS - CMP: 348
Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with ...
05-06-2011 08:51 PM
Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
Apple is another safe investment. Its currently trading at a P/E of little over 16. This makes it little over attractive than Google at this point. Revenues have from from $32 B to $65B in the last 3 years and the bottom-line has grown even better from $5 B to $14 B. Strong balance sheet with good Cash And Cash Equivalents. The stock has good immediate support at $330 levels and should find even strong support at $300 levels. Investors can look to accumulate more at these two support levels. One can expect Apple to reach $500 levels in 12 to 24 months time span.
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